The spectacular increase in light In recent days it has filled hundreds of Spaniards with concern, who have gone from thinking about putting the washing machine at five in the morning to wondering if the current escalation will end or if it will end up pushing them into default in the case of the most vulnerable . Electricity is one of the driest subjects in the Spanish economy, in which no president of democracy since José María Aznar has approved. However, none had responded with Sánchez’s silence or with the umpteenth ceremony of confusion on behalf of the third vice president Teresa Ribera and the Minister of the Presidency Felix Bolaños. In the end, it opens
the door to a public electricity company but “in the medium and long term.” But what are the keys to the current crisis? Why don’t our bills stop fattening up? How to avoid it? Here are the answers …
Why does the electricity bill go up?
The reasons behind the megawatt hour surge, according to experts like Victor Ruiz (EAE Business School) and electricity, are the increase in the cost of CO2 emission rights (which limit emissions from industries) and natural gas, which in mid-August exceeded 45 euros per MWh.
However, despite the fact that the Spanish regulation is similar to the European one,
there are more factors in price formation: taxes, the geopolitical situation of each country, infrastructure costs, meteorology and the country’s ability to produce electricity.
How effective are measures such as the reduction of VAT on electricity from 21% to 10%?
The VAT reduction should have reduced the invoice by 11%, according to the Government. However, it is only addressed to those who have contracted a power of up to 10 kilowatts – mainly private consumers – and it is limited to the average monthly price of the wholesale market being above 45 euros per MWh. That is, it is not for everyone or forever. From the ATA self-employed organization they estimate that only one in four self-employed they will benefit from the measure. A case similar to that of merchants.
What are the sectors most affected by this price escalation?
Many industries such as metallurgy or steel, which make up the electro-intensive sector in Spain. His employer calculates the competitive differential with France and Germany in mto 700 million euros. Other activities such as construction or commerce also notice it. Specifically, the Spanish Confederation of Commerce (CEC) speaks of an average rise of up to 50% more. Another impacted group is the self-employed. The president of ATA, Lorenzo Amor, points out that the ‘sablazo’ is about 300 euros more in the last year.
How much money does it cost to put the air conditioning now?
Operating the air conditioning at home yesterday cost 37 cents per hour in the ‘peak’ section, 23 cents in the ‘flat’ schedule and 17 cents in the ‘valley’, according to Selectra calculations. When comparing these prices with those of August 13, 2020, we observe that these were much lower: 17 cents per hour in the ‘peak’ section and six cents in the ‘valley’.
How will the rise in the price of electricity be transferred to the bill?
In the OCU they record that if the price remains at 114 euros / MWh daily at the end of August, the receipt for an average family would amount to about 98 euros compared to the 72.5 euros that were paid in July of this year and the 55.7 euros in July of last year. The consumer association also estimates that families have paid from January to July 2021 an invoice of 470 euros compared to the 381.28 euros accumulated last year in the same period.
What can we do to save in the heat of the heat wave and with the price skyrocketing?
From Aldro Energía they advise to moderate the temperature of the air conditioners and remember that for every extra degree the temperature drops, the bill will go up about 8%. In summer, the temperature of these equipment should be between 23 and 26 degrees. On the other hand, experts advise that the temperature difference between the outside and the room we are in should be less than 12 degrees.
George is Digismak’s reported cum editor with 13 years of experience in Journalism